SANTA MONICA, Calif.--(BUSINESS WIRE)--InvolveSoft, the Community Engagement software vendor, landed $2.5
million in funding in a round led by Bonfire Ventures. Investors in this
round include Greycroft, Bertelsmann, Launch Capital, CrowdSmart and
Noname Ventures. Previous funding came from Mucker Capital and others.

The Santa Monica-based company will use the funds to build on its SaaS
application technology, expand sales channels and grow its
already-unmatched volume of volunteer event content.

“Millennials are driving a huge shift in the way we think about
hiring and retaining employees,”said Gaurav Bhattacharya,
InvolveSoft CEO and co-founder.“Finding exceptional tools to
easily engage employees and contribute to the community are now First
Order priorities. We’re excited to support the evolution of business
values while doing good across thousands of causes and communities.”

The company launched its flagship Corporate Volunteer platform in early
2017 to accelerated sales success. One reason is InvolveSoft’s access to
almost 200,000 volunteer events at any time, solving one of the major
challenges companies have in finding volunteer events across
geographies, cause and skill options. It has since added Corporate Event
Management and enhanced Business Intelligence tools. The SaaS platform
can stand alone, and has resources for integration into existing HR
applications.

Millennial Engagement and sales traction were just two of the factors
that made the company attractive to investors like Mark Mullen,
Co-founder and Managing Director of Bonfire Ventures.

“We’re already active investors in companies that promote good and
drive change in the workplace,” stated Mullen. “InvolveSoft is
the perfect, innovative fit for the explosive growth of workplace
volunteering. Corporate culture is undergoing a revolution –70%
of larger U.S. companies now have Volunteer Time Off (VTO) programs.
InvolveSoft’s drives up employee participation rates, delivering a boon
to corporate culture and the non-profit
sector. All while slashing the administrative overhead. That value
proposition really got our attention.”

InvolveSoft’s co-founders, Gaurav Bhattacharya and Saumya Bhatnagar, are
on their second, successful mission-driven startup. They founded a
software company that identified and reduced instances of female birth
cessation across northern India. That company had a successful exit and
regional governments now mandate use of the tool. In addition to the two
co-founders, InvolveSoft has attracted senior entrepreneurial talent
with experience in Human Resource Solutions and high-growth SaaS
companies.

About InvolveSoft:

InvolveSoft, based in Santa Monica, is a SaaS-based employee community
platform that streamlines corporate engagement events like team
activities, volunteering, leadership & training, and diversity &
inclusion. The platform helps build communities inside companies for
employees to easily find, attend and share events, achievements, and
more. Its clients see cultural growth along with the economic benefits
of an engaged workplace. For more information visit www.involvesoft.com
or call Jon Rosen at +1-805-973-7450.

About Bonfire Ventures:

Bonfire Ventures is an LA-based seed-stage venture capital firm founded
by Jim Andelman and Mark Mullen. The firm invests exclusively in B2B
software businesses, and typically leads or co-leads a startup’s first
priced round. We back extraordinary founders who are seeking to build
world-class market leaders, and aspire to serve as those founders’ most
trusted advisors. Investments made by the firm’s founders include The
Trade Desk (IPO), Burstly (acquired by Apple), Edgecast (acquired by
Verizon), Datapop (acquired by Criteo), MessageLabs (acquired by
Symantec), Orbitera and Bitium (each acquired by Google), Rainforest QA,
ChowNow, SteelHouse, EmailAge, Invoca, Honk and others. For more
information visit www.bonfirevc.com.